                                 CODE OF VIRGINIA

TRANSFERS FROM LITERARY FUND TO AUTHORITY (§ 22.1-175)

On January 1 and July 1 of each year or at such other times as requested by the
Authority, there shall be set aside and transferred from the Literary Fund to
the Virginia Public School Authority for public school purposes all notes
bearing fixed maturity dates and representing amounts loaned by the Literary
Fund to local school boards pursuant to Chapter 10 (§ 22.1-142 et seq.) of this
title, to be held and administered by the Virginia Public School Authority as
provided by law. The Board of Education, the State Treasurer and the State
Comptroller are hereby authorized and directed to take all necessary steps to
accomplish such transfer.

HISTORY: Code 1950, § 22-29.15; 1962, c. 195; 1971, Ex. Sess., cc. 127, 241;
1980, c. 559; 1988, c. 259.